Intraday Market Thoughts

Archived IMT (2009.06.15)

by Ashraf Laidi
Jun 15, 2009 13:36

All eyes are on the extent over which equities will stage their pullback following a 5-week consolidation in major US and European indices. Escalating event risk such as; Latvia, negative earnings guidance and soaring yields are all possible sources of risk aversion. The worse thane expected NY Fed manufacturing index of -9.4 from -4.55 should further drag AUD and NZD, which are already the biggest losers in the 11-currency universe. CADJPY HOTCHART updated . SEK, NZD, NOK and AUD are worst performers in days trading. Dow futures -110 pts.

 
 

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